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JD.com Offloads Bulk of Shareholding in Yonghui Supermarket; MINISO Now Tops!

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In need of its own cash flow, Suqian-based JD.com is to reduce its stake in Yonghui Supermarket to no more than 2.94 percent of total share capital. Meanwhile, MINISO has completed the acquisition of 29.4 percent of the equity of Yonghui for ¥6.27 billion. Full story (in Chinese) via this link; read lots more of the latest news from Suqian via this link.

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